I’ve written before about what I think could be called, fairly, the runaway costs of higher education. But what, I wondered, does an economics professor think of this trend?
On the one hand, viewed with an economist’s famously dispassionate eye, perhaps we’re simply seeing the true value of higher education set.
On the other, as a professor of economics, there would be some skin in the game. Is this what’s best for students? For society?
For an acid test, I reached out to Dr. Eugene Silberberg, professor emeritus at the University of Washington, a hard-nosed microeconomist and the author of Principles of Microeconomics and Fiddle Tunes I Learned At the Tractor Tavern (and other places around Puget Sound).